Koppers’ (KOP) Outperform Rating Reaffirmed at Barrington Research

Barrington Research reiterated their outperform rating on shares of Koppers (NYSE:KOP) in a report released on Tuesday morning,Benzinga reports. Barrington Research currently has a $64.00 target price on the specialty chemicals company’s stock.

KOP has been the subject of a number of other research reports. StockNews.com raised shares of Koppers from a “sell” rating to a “hold” rating in a research report on Monday. Singular Research raised Koppers to a “strong-buy” rating in a research report on Friday, September 20th.

Koppers Stock Up 0.7 %

Koppers stock opened at $38.02 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 2.54 and a debt-to-equity ratio of 1.83. The firm has a market cap of $770.67 million, a P/E ratio of 10.80 and a beta of 1.84. The business has a fifty day moving average of $36.39 and a two-hundred day moving average of $38.83. Koppers has a twelve month low of $33.80 and a twelve month high of $58.23.

Koppers (NYSE:KOP) last issued its quarterly earnings data on Friday, November 8th. The specialty chemicals company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.12. The company had revenue of $554.30 million for the quarter, compared to the consensus estimate of $571.80 million. Koppers had a return on equity of 16.71% and a net margin of 3.55%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the company earned $1.32 earnings per share. On average, analysts forecast that Koppers will post 4.35 earnings per share for the current fiscal year.

Koppers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.74%. The ex-dividend date is Friday, November 29th. Koppers’s dividend payout ratio is presently 7.95%.

Insiders Place Their Bets

In related news, VP Joseph P. Dowd sold 5,516 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $37.72, for a total value of $208,063.52. Following the transaction, the vice president now directly owns 10,300 shares of the company’s stock, valued at $388,516. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.55% of the company’s stock.

Institutional Investors Weigh In On Koppers

A number of institutional investors and hedge funds have recently modified their holdings of the company. Pzena Investment Management LLC boosted its holdings in shares of Koppers by 91.8% in the 3rd quarter. Pzena Investment Management LLC now owns 770,169 shares of the specialty chemicals company’s stock valued at $28,134,000 after acquiring an additional 368,709 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Koppers by 586.8% in the 2nd quarter. Millennium Management LLC now owns 196,704 shares of the specialty chemicals company’s stock valued at $7,276,000 after buying an additional 168,063 shares during the period. Hennessy Advisors Inc. purchased a new stake in shares of Koppers in the second quarter worth about $5,671,000. Foundry Partners LLC acquired a new stake in Koppers during the third quarter worth about $4,022,000. Finally, Principal Financial Group Inc. raised its position in Koppers by 20.7% during the third quarter. Principal Financial Group Inc. now owns 568,787 shares of the specialty chemicals company’s stock valued at $20,778,000 after acquiring an additional 97,586 shares in the last quarter. Institutional investors and hedge funds own 92.75% of the company’s stock.

About Koppers

Koppers Holdings Inc provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally. The company operates through Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC) segments.